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Infographic of the most expensive housing markets across Ireland Daft.ie

Dublin remains the most expensive housing market, as total value of Irish houses reaches €536 billion

The national average asking price for a house is €264k.

THE TOTAL VALUE of all Irish residential property now stands at €536 Billion, shooting up by €18 Billion on 2019.

According to the Daft.ie 2020 H2 Wealth Report, there was a daily increase of €50 million on the total value of Irish residential property. 

Dublin remains the home of the most expensive housing markets in the country, with the highest being Dublin 6, where the average price of a house is €616k. Closely following behind is South County Dublin at €592k and Dublin 4 at €561k.

Smaller markets in Dublin also remain incredibly expensive, with the average asking prices in Mount Merrion, Dalkey and Sandycove being €820k, €765k and €746k respectively.

In comparison, the average asking price nationwide lands at €264k.

Outside Dublin, the most expensive market is Enniskerry in Co Wicklow, with property values averaging €625k. In Munster, the most expensive is Kinsale at €364k and in Connacht-Ulster it is Kinvara at €300k.

The two least expensive markets are Bundoran in Co Donegal at just €91k, followed closely by Castlereagh in Roscommon at €96k. 

Speaking on the findings of the report, Trinity College economist Ronan Lyons said that the 50m increase in value daily was not caused by the completion of new homes, but by existing house prices rising.

“If you had surveyed 100 economists at the start of the year, when there was only the first inklings of the potential impact of Covid-19, I doubt whether any – in all honesty – would have predicted that such an economic shock would have caused property prices to rise, not fall, but yet that is what happened,” said Lyons.

Expensive Streets

The most expensive streets in Ireland are also all located in Dublin, with Temple Gardens in Rathmines taking the top spot. Three houses were sold on the street for more than €2 million euro, with an average price tag of €3.1 million. 

Second on the list fell to Thormanby Road in Howth, where three properties were sold over the last two years, with an average price of €2.8 million.

So far in 2020, there have been 638 properties worth €1 million or more sold. The highest concentration of property millionaires can be found in Dalkey (643), Ranelagh (305) and Ballsbridge (235).

Note: Journal Media Ltd has shareholders in common with Daft.ie publisher Distilled Media Group.

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23 Comments
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    Mute Noel Tate
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    Dec 13th 2020, 8:03 AM

    I wonder how sustainable this is this time around, even with the number of people who are being refused mortgages because their company is taking a Covid payment, the number of mortgage approvals was at a record level recently. I can see that driving up prices even further in the new year.

    There are more and more new homes coming on the market, but they jump in price every time there is an increase to the help-to-buy announced and so new homes in Dublin are now out of reach for couples on the average wage.

    I host The Get House Podcast. For part of my research I’ve been speaking to a dozens of people trying to buy. The most common stories:
    - Losing approval (or approval on hold) because of Covid.
    - a saving plan of 3-5 years to even get close to a deposit.
    - moving back to the family home to avoid paying the crazy rental prices.
    - priced out of their ideal area where their friends, family, work and kids schools are.

    If anyone is interested in a listen, the latest episode is focused on buying older houses which need a lot of work (which a lot of people are resorting to).
    https://www.gethousesurvey.ie/podcast

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    Mute Earth Traveller
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    Dec 13th 2020, 10:23 AM

    @Noel Tate: Interesting link, Noel, thanks. Since 1960 the population of Ireland has grown by about 74%. I wonder if the numbers of houses/ apartments have risen similarly?

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    Mute Tomás Barrett
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    Dec 13th 2020, 10:26 AM

    @Noel Tate: I would imagine that the reasons house prices are going up is because building came to a stand still during the year therefore a lack of new builds coming onto the market. People unable to immigrate therefore demand is remaining. And working from home along with health and software services, 2 very large industries in Ireland have boomed during the current situation. As a result house prices have gone up.

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    Mute Jess Delahunt
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    Dec 13th 2020, 10:34 AM

    @Tomás Barrett: So explain the last 30 years of almost never ending increases, save 2008 to 2012. If you think its that simple and that they will go down by any real measure when production ramps up then you are sadly mistaken. Our housing market and any attempt to correct it to make rent and purchase GENUINELY affordable, in an economy with average industrial wages of circa 42k and 3.5 times allowable mortgage borrowing, is beyond simple tweaks of the same old policies and an increase in supply (Eoghan Murphys only ever solution!!)
    Evidence shows in Ireland that increase in supply rarely impacts prices

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    Mute Noel Tate
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    Dec 13th 2020, 11:06 AM

    @Tomás Barrett: that’s a good point. We are missing a few months of new supply this year (which wasn’t quite at the level needed yet anyway)… I haven’t spoken to anyone on sites in the last few months, but back in October there was definitely reports of sites moving slower than normal.
    Hopefully the rate of new builds keep accelerating so this supply/demand starts to balance, whatever “balance” means in today’s market!

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    Mute Tomás Barrett
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    Dec 13th 2020, 12:50 PM

    @Jess Delahunt: population and wealth have both increased massively in Ireland over the past 30 years. Increase in demand plus more money to spend equals house prices go up. Its not rocket science. Prices won’t go up, down or sideways when production goes up, prices react to demand.

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    Mute Munster1
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    Dec 13th 2020, 8:26 AM

    It’s a big conspiracy. Very simple problem to solve but the people in power dont want to solve it for their own particular reasons.

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    Mute Paul Murphy
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    Dec 13th 2020, 9:51 AM

    @Munster1: please elaborate

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    Mute Jess Delahunt
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    Dec 13th 2020, 8:58 AM

    The scandal that is the Irish housing situation will never EVER be solved by the current government parties and their ideology.
    Unless we rip up the same old same old policies of 30 yrs from market obsessed Toryesque FG and crooked FF nothing will change and well educated, well paid 30 somethings will spend yrs in parents homes and feel no stake in their communities. Solve housing and you solve many of Irelands ills. It is driving so many, like equality, wage inflation, quality of life etc etc. Those maintaining the status quo should be ashamed.

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    Mute PF
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    Dec 13th 2020, 7:42 PM

    @Jess Delahunt: ahh, communist/socialist nonsense shown over years not to work….who will buy sites? State? Who will build…state? Who will ultimately pay price…taxpayers ! Result, no one invests as tax too high …so why invest in irish economy..so no housing demand ( i know its more complex but this is basic for this site)

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    Mute thesaltyurchin
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    Dec 13th 2020, 8:43 PM

    @PF: Lol! This place is a deep-south redneck capitalist bastion pal.

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    Mute marian
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    Dec 13th 2020, 8:22 AM

    Why would you want to buy a house in Ireland?!! Weather is terrible, food is horrible, quality of life is mediocre…

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    Mute Kate Colbert
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    Dec 13th 2020, 8:44 AM

    @marian: If only we could give your place to that poor little Syrian toddler that washed up on the beach.

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    Mute Padro Touche
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    Dec 13th 2020, 10:28 AM

    @Kate Colbert: Take a bow Kate.

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    Mute marian
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    Dec 13th 2020, 10:39 AM

    @Kate Colbert: well is too late now… but to prevent that from happening again we can give your place to other poor toddlers…

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    Mute Merlin Lancelot
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    Dec 13th 2020, 10:42 AM

    @Kate Colbert: funny all I see is grown men not from siria.

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    Mute thesaltyurchin
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    Dec 13th 2020, 8:44 PM

    @Kate Colbert: Lowest common denominator. Looking down or looking up?

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    Mute Dangling Damo
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    Dec 13th 2020, 11:48 AM

    Bubble bubble were in trouble. No house in this country is truly worth these values and it apppears we jmhavent learned from the kast ecknomic crash either. We are really just a minor economy on the edge of europe about to be left behind due to our over reliance on the uk markets and for employment in cyclical business’s. Wait perhaps we should not talk the ecomomy down…..

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    Mute Keith Fay
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    Dec 13th 2020, 9:56 AM

    How do you zoom into the infographic?

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    Mute Tomás Barrett
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    Dec 13th 2020, 10:29 AM

    @Keith Fay: tap it, that should highlight it, then pinch the screen. Sometimes to have to tap it back out and tap it again before it highlights properly.

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    Mute Proudly Italian
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    Dec 13th 2020, 11:33 PM

    I’ve been living in Ireland for 15 years now. I might not know much, but what I figured out is the complete lack of infrastructures outside the M50 ring. Dublin is one thing, Ireland is something else. For better or worse.
    Point is: who wants to live in the middle of nowhere? Who wants to invest where there are not roads or trains? Who wants to build houses where there’s nothing to live for? Who would live and commute 2hr every day?

    This is the real issue…. why the infrastructure haven’t been spread all over the country, and left most of the country like living in the countryside in the 50s ?

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    Mute Laz Mahon
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    Dec 13th 2020, 9:14 PM

    Dublin remains the most expensive housing market, really got my attention today. As we have a Government that believes in ridi–ously housing the whole World before its own people. Naturally enough I am speaking about people who are here in this country a ” Wet day ” getting housed before Irish citizens who are on a waiting housing list for between 10 – 20 years.
    How sad its ignored and not addressed. Why is it falling on deaf ears, selective hearing have we, in a time of cheer.

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    Mute Paul Murphy
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    Dec 13th 2020, 9:49 AM

    Please elaborate

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